Sycamore Partners, the private equity firm that took a 9.9 percent stake in The Talbots Inc., has offered $186.8 million in cash to buy the remaining shares it doesn’t own to preserve its investment.
In a letter dated Dec. 6 to Gary M. Pfeiffer, the chairman of Talbots’ board, the private equity firm expressed concerns about Talbots’ “current condition and future direction.” The letter was made public in a regulatory filing Tuesday with the Securities and Exchange Commission.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)